Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RUBUSD
The long term trend has been DOWN since Apr 9th, 2018 at 0.01702
The intermediate term trend has been DOWN since Nov 5th, 2018 at 0.01509
The short term trend has been UP since Dec 7th, 2018 at 0.01510
Smart Scan Analysis for RUBUSD
Based on a pre-defined weighted trend formula for chart analysis, RUBUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).